ADNOC Announces Long-Term Sustainability Goals for 2030
On January 13, 2021, the Abu Dhabi National Oil Company
(ADNOC) unveiled a set of comprehensive sustainability goals, building on the
company's long history of responsible oil and gas production and confirming its
long-standing commitment to environmental care. His Excellency Dr. Sultan Ahmed
Al Jaber, UAE Minister of State and CEO of the ADNOC Group, made the statement
during the opening ceremony of the Abu Dhabi Sustainability Week (ADSW).
The sustainability objectives support ADNOC's mission of
becoming the best-in-class in terms of sustainability, maximizing value for the
UAE (UAE). They also highlight ADNOC's outstanding environmental, social, and
governance (ESG) performance as it responds to rising global energy demand and
implements its smart growth strategy for 2030. They are also in line with the
United Nations' (UN) Sustainable Development Goals for responsible consumption
and production, climate action, biodiversity conservation, and economic
opportunity.
ADNOC wants to reduce its greenhouse gas (GHG) emissions
intensity by 25% by 2030 as part of its sustainability targets, solidifying its
position as one of the world's least carbon-intensive oil and gas businesses.
ADNOC is one of the top five lowest GHG emitters in the oil and gas business,
according to the International Association of Oil & Gas Producers (IOGP),
and has one of the lowest methane intensities of 0.01 percent.
ADNOC also pledges to keep its freshwater consumption to less
than 0.5 percent of overall water consumption. Today, almost 99 percent of the
water ADNOC uses for cooling is extracted saltwater, which is then treated and
discharged back to the sea after meeting ADNOC's stringent discharge criteria.
ADNOC will also continue to safeguard and support
biodiversity in its activities and the surrounding environment. ADNOC intends
to plant 10 million mangrove seedlings in the Al Dhafra Region of Abu Dhabi by
the end of 2022 as part of this commitment.
Mangroves have a huge ability to absorb CO2 and other
greenhouse gases from the atmosphere, trapping them in wet soils. Mangroves
also support a diverse ecosystem, provide home for marine life, and serve as a
natural barrier to increasing sea levels and coastal erosion.
ADNOC aims to achieve 50% In-Country Value (ICV) across its
entire value chain by 2030, building on the success of its ICV program, which
was launched in January 2018 to encorage private-sector partnerships, catalyze
socio-economic development, improve knowledge transfer, and create skilled jobs
for UAE citizens.
The ICV initiative at ADNOC is a critical component of the
company's commitment to driving advancement and development in the UAE. Since
its inception in January 2018, the initiative has returned approximately AED 44
billion ($12 billion) to the UAE economy and produced over 1,500 private-sector
jobs for UAE nationals.
The aim of ADNOC to be the global benchmark for safety and
asset integrity underpins its sustainability ambitions.
"ADNOC's sustainability targets further illustrate ADNOC’s
commitment to responsible manufacturing,
which has been ingrained in ADNOC’s business processes since the company's
inception in 1971," remarked H.E. Dr. Al Jaber. This dedication derives
from the vision of His Highness Sheikh Zayed bin Sultan Al Nahyan, the UAE's
Founding Father, who pioneered sustainability and the conservation of the
country's natural ecosystems.
"In terms of ADNOC’s contribution to the economy, the environment,
and ADNOC’s most valuable asset, ADNOC’s
people, we are taking a thorough and
holistic approach to ADNOC’s sustainability strategy." As we expand ADNOC’s
operations, we're improving ADNOC’s environmental performance to ensure that we
can continue to offer more energy with fewer emissions for decades to come.
Specifically, through ADNOC’s In-Country Value goal, we are reaffirming ADNOC’s
role as the major catalyst of the UAE's
socioeconomic development, while maintaining a solid focus on the safety of ADNOC’s
people and the integrity of ADNOC’s assets." Building on 50 years of
responsible production, ADNOC will continue to emphasize sustainability in
collaboration with key stakeholders, and will continue to invest heavily in new
and innovative technologies to improve environmental performance."
ADNOC is capitalizing on the success of the region's first
commercial-scale carbon capture, utilization, and storage (CCUS) facility to
achieve its aim of reducing its GHG intensity by 25%.
The Al Reyadah facility can currently capture 800,000 tonnes
of CO2 per year. ADNOC intends to increase the program's capacity by sixfold by
capturing CO2 from its own gas plants, with the goal of reaching 5 million
tonnes of CO2 per year by 2030 – the equivalent of the annual carbon capture
capacity of more than 5 million acres of forest, or a forest nearly twice the
size of the UAE.
ADNOC's historic zero intentional flaring policy, which has
decreased the volume of natural gas flared by more than 90% since the company's
foundation, is one of the primary success reasons in the company's outstanding
environmental performance.
ADNOC is also taking proactive measures to conserve fragile
ecosystems in its operating locations, as well as biodiversity, maritime
development, and ecosystems within the communities in which it operates. ADNOC has
planted approximately 250,000 mangrove seedlings in the emirate of Abu Dhabi to
date in order to protect the UAE coastline's biodiversity. To safeguard marine
life and sustain ocean health, ADNOC has constructed 293 artificial coral
reefs.
Environmental protection is a crucial component of ADNOC's
'Oil and Gas 4.0' goal, which aims to modernize the oil and gas industry so
that it can continue to play an important role in the future diverse energy
mix. To monitor and mitigate the environmental implications of its activities,
the corporation prioritizes investments in cutting-edge technologies.
ADNOC's Panorama Digital Command Center includes a unique
health, safety, and environment (HSE) information system that harvests data
from millions of data sensors to provide rapid, real-time readings across
several environmental key performance indicators (KPIs).
ADNOC is a pioneer in the use of optical images to monitor
environmental concerns, using infrared cameras across its activities to assist
generate a complete picture of its fugitive emissions. Furthermore, the
organization has been a leader in the use of drones with imaging technologies
to inspect flare stacks.
To ensure efficient management of wastes generated by the
oil and gas industries, ADNOC built a state-of-the-art Centralized Hazardous
Waste and Naturally Occurring Radioactive Material (NORM) treatment and
disposal plant.